CFPB Takes Aim at Referral Fees
The long-standing practice of banks and mortgage lenders paying real estate brokers and homebuilders for referrals could soon be coming to an end. Collection & Credit Risk
Nine-Year Prison Sentence in First CFPB Criminal Case Referral
Michael Levitis, the owner of a New York debt settlement company, was sentenced to nine years in prison Wednesday after pleading guilty in a fraud scheme that law enforcement officials said victimized 1,200 people with false promises of relief from credit card companies and banks. Collection & Credit Risk
